AT&T to Acquire Most Assets
Of NorthPoint Communications

AT&T Corp. agreed to pay $135 million for virtually all the assets of NorthPoint Communications Group Inc., which had sought bankruptcy-court protection in January.

The companies said Thursday evening that the U.S. Bankruptcy Court for the Northern District of California in San Francisco has approved the pact, which was the outcome of an auction. The companies expect the sale to close within two months.